IAC would like to see Angie's List merged with its HomeAdvisor business, making it the premier home services platform. Last November, Angie’s List Board of Directors rejected IAC’s $8.75 per share cash proposal, saying it dramatically undervalued the Company and its long-term standalone prospects. If IAC were to revive its past offer it would represent a 25% premium to current levels.

This time around it appears Angie's List is more open to selling. That said, while memberships have skyrocketed - as the company has gone to a freemium model - financial metrics have lagged. The company reported today that revenues in the third quarter fell 8% to $79.7 million and adjusted EBITDA was a loss of $7.5 million, versus a gain of $3.2 million last year. Meanwhile, the company announced record-setting gross member additions of 1.6 million, up 436% from 0.3 million in the third quarter of 2015, bringing total membership count to 4.5 million.

In addition to IAC, private equity buyers are also said to be interested.

An Angie's List's spokesperson would not confirm or deny if IAC was back with a bid. IAC said it does not comment on rumors and speculation about transactions.